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Natural Graphite Is Necessary For EVs And Much More, But China Dominates Supply - Nouveau Monde Graphite Is Positioned To Supply The West

By Meg Flippin Benzinga

NMG is a North American mining company positioning itself to be the first fully integrated, carbon-neutral producer of natural graphite. Natural graphite is considered a critical mineral - given its necessity for everything from energy storage to electric vehicles - and can be found in many industries, including energy, technology, defense and manufacturing. 

With China dominating mining and production of graphite, the Western world is forming alliances to protect supply, and NMG is benefiting from that. “Graphite goes into about fifteen applications and we were focused on the EV market, which is arguably the biggest demand and the biggest volumes. We demonstrated we can build a full vertical,” Desaulniers told Benzinga during the interview. “Now we intend to do the same thing in other markets.”

NMG is seeing a lot of interest from G7 and NATO countries that are looking for a producer outside of China, so much so that it was able to sign four off-take agreements at a recent G7 meeting.  

“Great agreements, that’s what you need when you are building a project,” said the CEO. “You need certainty and partners, and that’s what we have delivered for our shareholders.”

Watch the full video here:

https://www.youtube.com/watch?v=X4aOpYi_bvw

Featured image from Shutterstock.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

This content was originally published on Benzinga. Read further disclosures here.

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